Gold futures gained on Friday on the news of support package for Greece’s debt problems. Among other news US consumer sentiment fell to 71.8 for the month of June as compared to 74.3 in May. Analysts expected consumer sentiment index to fell to 73.5 for the month of June.

Gold futures contract for August delivery gained 0.6 percent or $9.20 to $1,539.10 per ounce on Comex trading of New York Mercantile Exchange. Gold futures contract surged 0.6 percent for the last week.

Analysts expect gold futures contract to trade within the ranges of $1,500 per ounce to $1,550 per ounce. Analyst James Steel from HSBC in New York wrote, “The gold market is divided between the negative impact of a weak (euro) and tightening (emerging-markets) monetary policies and the bullish effect of elevated sovereign risk and lower U.S. yields.”

Silver futures contract for July delivery also jumped $0.19 to $35.75 per ounce on Friday. However, the respective contract declined 1.6 percent in the last week.

Among other base metals, copper futures contract for July delivery lost 0.4 percent or $0.02 to $4.10 per pound, whereas for the week the respective contract was up by 1 percent.

Platinum futures contract for July delivery declined $8.60 to $1,752.10 per ounce. Platinum futures plunged 4.4 percent in the last week. Palladium futures contract for September delivery also slipped $18.10 to settle at $745.40 per ounce on Friday, while for the whole week the base metal reported the decline of 8.8 percent.